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Traditional ChineseSimplified ChineseText onlyPDARSS
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May 21, 2009
Property
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Fewer negative equity mortgages in Q1
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Monetary Authority logo

There were 1,396 fewer residential mortgage loans in negative equity in the first quarter, leaving 9,553 cases, with an aggregate value of $21.4 billion, according to the Monetary Authority's latest survey.

 

The unsecured portion of these loans fell to $2.1 billion. The loan-to-value ratio of the negative equity dropped to 111% from 112%.

 

The three-month delinquency ratio of the negative equity residential mortgage loans rose to 0.12% from 0.05% at the end of December.

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